Illinois lawmakers introduce bill to overhaul transit
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Three days before the Illinois legislature is scheduled to adjourn, Gov. JB Pritzker offered few details on the status of budget negotiations.
Gov. JB Pritzker said Wednesday he will not sign a budget that includes broad tax hikes to fund new spending as lawmakers are in the final hours of budget negotiations.
The Illinois General Assembly has until May 31 to pass a budget, and a looming transit fiscal cliff and the Bears' stadium project are among the biggest questions.
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Transit officials have been stressing the need for hundreds of millions of dollars for the CTA, Metra and Pace to avoid massive layoffs.
Revenue projections had already been declining as the spring session has progressed. Now, lawmakers who have long feared further federal cuts, are grappling with the U.S House’s passage of a spending plan that Illinois’ Senate president warns would be “catastrophic for working families” – as well as state finances.
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MyStateline.com on MSNIllinois still losing taxpayers to outmigration, new study showsA new report claims Illinois continues to lose taxpayers and tax revenue to outmigration, while Florida benefits from population growth.
State elected officials are working on a legislative package that would address growing energy needs and rising costs — without derailing ambitious carbon-free goals. A driving force is capacity spikes.
That’s a drop in the bucket, however, compared to other states. California, for example, has a $12 billion gap (3.72 percent of its total budget). Iowa has a $900 million gap (9.73 percent of its total budget). And Indiana has a $2 billion gap (4.55 percent of its total budget).